AxiTrader Review: Is it a Scam Broker? Everything We Know!!

Pepperstone traders have access to over 150 assets across five categories from the MT4, MT5, and cTrader trading platforms. AxiTrader has been operational since 2007, and while it has some minor regulatory issues and discrepancies, it provides traders with a solid overall trading environment. This seems to be a standard practice with brokers to entice new clients. “Start trading” means to place at least 1 standard FX trade (1 standard lot round trip) within 60 days of opening their account. And it seems a lot of people reviewing the axitrader such a scam.

Thanks for your comprehensive review. Unfortunately it is not have a way to work with this broker from Japan.🙁 Are the $7 commission for open and close order together? They are asking to open a live account with real money if I want to extend the demo. Hi Kirill, I have done some of your Udemy courses which I found very interesting and finished the demo period of 30 days with Axitrader UK.

and deposit $10+ by bank card to instantly receive $30 tradable funds; profits are withdrawable.

Learn about Trustpilot’s review process. They seem to offer a beginner friendly trading package with personalised customer service all with the security of a well-regulated international brand. Our review has found AxiTrader to be an honest, respected and well-established broker.

AxiTrader is better suited for new retail traders, with Pepperstone a leader for high-frequency traders and automated trading solutions. The trading platform is superior at Pepperstone, while PsyQuation at AxiTrader sets this broker apart. It provides a 28-plugin upgrade package for the MT4 trading platform, and the trading costs are marginally lower. Pepperstone applies withdrawal fees solely to bank wires, and third-party fees are levied at both brokers. AxiTrader sustains an equally competitive trading environment in its MT4 Pro Account, where the average spread is 0.10 pips for a $7 commission.

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The Trustpilot Experience

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• BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups.
• Firstly, we were surprised to see that they do not have any single name equities or stocks available to trade in their product offering.
• The best part is that AxiTrader provides MT4 NexGen for FREE to all traders who open an AxiTrader live-trading account with a minimum deposit of $1,000.

While the demo account is welcome, we were surprised to learn that it had a 30 day limit. They will just require a few personal details before they are able to give you the demo account. For those who are uncertain, they can start with the demo account and move their way up. There are a range of account types that you can choose from at AxiTrader.

The MT4 Standard Account is listed with a spread of 1.0 pips with no commission charges. The Standard Account carries an average spread of 1.13 pips but remains commission-free. Pepperstone deploys an ECN execution model, which is evident in its Razor Account, where the average spread clocks in at 0.13 pips for a commission of seven units of the base currency. The asset selection is sufficient for retail traders, but more advanced portfolios will likely want a wider choice. Currency PairsN/ACommoditiesCrude OilGoldMetalsEquity IndicesStocks (non-CFDs)N/AETFsFuturesSyntheticsVisit Website % of traders on margin lose Visit Website Autochartist is a market scanner that can identify chart patterns and trading opportunities in real-time while delivering market reports three times per day.

$30 Welcome Bonus – Open a Pro/ProCent MT4/MT5 account,

These include the demo account as well as two different "live" accounts. This is unfortunate for those traders who like to open positions on particular companies. These are all laid out in the product schedule together with information on the leverage, lot sizes, trading value and trading hours. There are a range of different CFD products that you can trade at AxiTrader.

Try Some Trades With A Free Demo Account

While most of the actual clients of the broker seem to have a positive opinion of it, there are a few dissenters in the mix too. The operation was launched back in 2007, with the goal of providing a service that its creators would want/like to use. A global currency exchange and Forex brokerage, AxiTrader is certainly one of the veterans of the online trading scene.

North American Markets

While the bare minimum is provided when it comes to market access, PsyQuation Premium is free of charge for all AxiTrader clients who maintain a minimum balance of $500 and trade one standard lot per month. A sound educational course provides new traders with an attractive entry into financial markets. Manual trading is not forgotten, and an in-house duo of professional traders provides research to clients.

Forextraders' Broker of the Month

• These are third-party provided services however, and they do feature minimum trading volume requirements.
• AxiTrader looks like a great Forex broker for anybody outside the U.S.
• Pretty much for any broker out there.
• The trading platform is superior at Pepperstone, while PsyQuation at AxiTrader sets this broker apart.

Thanks for the post and your effort for this great review. Right now i work with demo account. Axi are definitely a great broker and worth checking out! That’s five points out of four possible, and a solid Five-Star review. I started trading Forex back in 2007.

All securities and financial products or instruments transactions involve risks. You should seek independent financial advice prior to acquiring a https://forex-review.net/axitrader-review-scam-or-legit/ financial product. Well, a further broker review … Otherwise, the above review points to AxiTrader as a top-notch broker. For someone who doesn’t know anything about trading this was a great review. I learned a lot about brokers!

Analysis and proper reporting is always key to successful trading. The Trading Sentiment Indicator lets users take a quick peek into how other traders trade certain assets. Otherwise, the perks and features of the two accounts are quite similar. There is no minimum deposit requirement on either of the two accounts.

Asset Coverage

We find a lot of brokers who seem very good till we ask our money back. Are you sure this is the best forex broker out there? I’m seeing very bad reviews for this broker, I can’t understand what to believe .

Therefore, each broker provides traders with distinct advantages the other does not possess. Both brokers deploy excellent technology infrastructure, but AxiTrader has an edge with its educational section, while Pepperstone delivers traders with research. Pepperstone services UK and EEA traders through its subsidiary, Pepperstone LTD, authorized and regulated by the Financial Conduct Authority (FCA). Both brokers apply swap rates on leveraged overnight positions, but clients may request a swap-free Islamic account at Pepperstone. Automated traders will find the offer of four VPS providers appealing, which can be obtained free of charge of twenty standard lots are trader per month.